Embassy Developments Secures RERA Nod for INR 400 Crore Alibaug Project
Filing Summary
Embassy Developments Ltd. has obtained approval from the Maharashtra Real Estate Regulatory Authority for Phase I of its first residential project in Alibaug, named Embassy Serenity. The project, located in Thal Village, spans approximately 0.2 million sq. ft. with a gross development value of INR 400 crore. It includes five G+5 towers with 52 residences. The launch is planned for this quarter, with possession targeted for 2030. The project is part of Embassy’s expansion into the lifestyle and second-home segment within the Mumbai Metropolitan Region.
Embassy Developments Ltd. has received approval from the Maharashtra Real Estate Regulatory Authority (MahaRERA) for Phase I of its inaugural residential project in Alibaug, named Embassy Serenity. This project marks the company’s entry into the lifestyle and second-home segment within the Mumbai Metropolitan Region. Located in Thal Village, Alibaug, the project is designed as a resort-style retreat with connectivity to Mumbai via upgraded road and ferry infrastructure.
The project spans approximately 0.2 million sq. ft. of RERA carpet area and has an estimated gross development value of INR 400 crore. It is set on a 7-acre land parcel and will feature five G+5 towers comprising 52 residences in duplex and simplex configurations. The development emphasizes open green spaces, with over 52% of the area dedicated to greenery and a traffic-free podium.
Embassy Serenity’s architecture is shaped by the landscape, featuring soft curvilinear forms, open terraces, and vertical elements. The project includes a curated suite of amenities such as a clubhouse, a resort-style pool with a poolside bar and café, and courts for tennis, padel, and pickleball. The project is designed to support both social engagement and relaxation.
The project launch is planned for this quarter, with possession targeted for 2030, subject to regulatory approvals and construction progress. The timeline is contingent on the completion of various phases and adherence to regulatory requirements.
Embassy Developments Ltd. is responsible for the project, with architecture by Broadway Malyan (UK) and landscape design by Coopers Hill (Singapore). The residences will be managed by Embassy Services Private Limited, providing homeowners access to personalized lifestyle and housekeeping packages exclusive to Embassy residential communities.
The RERA approval comes during a period of strong operating performance for Embassy Developments. The company reported pre-sales of INR 1,392 crore in Q3 FY26, reflecting a 240% quarter-on-quarter growth. It also achieved collections of INR 414 crore and secured multiple RERA approvals across projects with an aggregate GDV exceeding INR 12,800 crore.
Embassy Developments Ltd. is a prominent real estate developer in India, focusing on residential and commercial projects across key urban markets. The company has a strategic presence in Bengaluru, the Mumbai Metropolitan Region, and the National Capital Region, with a diversified residential portfolio that includes mid-income, premium, and luxury segments.